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  • Losses in Lisbon weigh on European shares Friday, 16 May 2014 | 7:06 AM ET

    *Portugal's PSI-20 market falls more than 2 pct. Germany's DAX, which hit a record high of 9,810.29 points on Thursday, fell 0.7 percent to 9,586.59 points while Portugal's smaller PSI-20 index underperformed with a 2.4 percent drop.

  • May 15- Canada's Ivanhoe Mines Ltd said it would not be able to advance development of two mines in Democratic Republic of Congo this year unless it gets more funds by the end of the second quarter. Kamoa is a copper deposit while Kipushi also contains zinc, lead and germanium, Ivanhoe said in its first-quarter earnings release on Thursday.

  • GANDHINAGAR, India, May 16- About a year ago Narendra Modi sat down with some of India's best and brightest to mount a "shock and awe" election campaign that a strategist likened to a one-sided U.S. military operation against Saddam Hussein's forces in the Gulf.

  • MOSCOW, May 16- Russia is ready to discuss a gas price discount for Ukraine if Ukraine pays off the $2.237 billion it owed Russia for gas as of April 1, Russian Energy Minister Alexander Novak said on Friday. "We will discuss this if they pay even the debt owed on April 1, and this was $2.237 billion," he said.

  • NEW DELHI, May 16- Opposition candidate Narendra Modi will be the next prime minister of India, with counting trends showing the pro-business Hindu nationalist and his party headed for the most resounding election victory the country has seen in 30 years.

  • LONDON, May 16- Global shares eased for a third day on Friday, on course for their longest losing streak in over a month, and yields on some lower-rated euro zone bonds rose as a gloomier economic picture in Europe led investors to shed riskier positions.

  • *Gold heads for 0.5 percent weekly increase. LONDON, May 16- Gold struggled below $1,300 an ounce on Friday, as data indicating brighter prospects for the U.S. economy reinforced views that the Federal Reserve will maintain its pace of stimulus tapering.

  • LONDON, May 16- The global sugar surplus era is coming to an end. After three straight years of big surpluses, the sugar market is heading towards a balance or a small deficit next season due to adverse weather in Brazil and Asia, higher-than-expected Chinese demand and steady growth in consumption.

  • UPDATE 4-Brent rises above $109 on Ukraine tension Friday, 16 May 2014 | 6:26 AM ET

    *Washington warns Russia of further sanctions over Ukraine. LONDON, May 16- Brent crude oil rose above $109 a barrel on Friday as tension over Ukraine kept investors on edge, although a gradual return of Libyan oil supply capped gains.

  • LONDON, May 16- Indian shares soared to new peaks on Friday after early returns suggested a resounding election victory for the pro-business BJP party, while a weak performance on Wall Street kept other emerging markets subdued.

  • *Copper on track for biggest weekly gain in 7 weeks. Since Indonesia banned the export of unprocessed nickel ores in January, prices of ore and of refined nickel have soared. In China, traders have held on to their stocks, while producers there and in Japan scramble for supplies.

  • LISBON, May 16- As Portugal's government toasts its exit from an international bailout that imposed years of austerity on its citizens, small business owner Alexandra Capelo is in no mood to join the celebrations.

  • *CEO says Russia still a key growth driver. ATHENS, May 16- Coca-Cola HBC, the world's No. 2 bottler of Coca-Cola Co drinks, posted a bigger-than-expected quarterly loss, hurt by currency losses in its Russian and Ukrainian operations. Russia, CC HBC's biggest market in terms of sales, grew by a high single digit percentage in the first quarter.

  • *Core orders data due May 18 at 2350 GMT; trade data May 20 at 2350 GMT. TOKYO, May 16- Japan's exports probably grew only at a modest pace in April from a year earlier due to weak shipments to China, a Reuters poll showed, underscoring concern that soft external demand is a growing risk to the world's third-largest economy.

  • *Washington warns Russia of further sanctions over Ukraine. LONDON, May 16- Brent crude oil eased below $109 a barrel on Friday, pressured by a gradual return of Libyan oil supply although tension over Ukraine kept losses in check.

  • LONDON, May 15- Egyptian companies could suffer a fall in profits as the incoming government phases out energy subsidies, Egypt's finance minister Hany Kadry Dimian said on Friday. The International Monetary Fund estimates Egypt's energy subsidies amount to three times what the country spends on education and seven times its expenditure on health.

  • TABLE-Hong Kong Q1 GDP up 0.2 pct qtr/qtr in 2014 Friday, 16 May 2014 | 4:58 AM ET

    May 16- The Hong Kong government issued first-quarter gross domestic product data on Friday showing that the economy grew a seasonally adjusted 0.2 percent over the fourth-quarter of 2013 and rose 2.5 percent from the same period last year. KEY FIGURES GROSS DOMESTIC PRODUCT. 2014 ttttttttt2013tttttttt Q1 Q4 Q3 Q2 Q1.

  • BEIJING, May 16- Annual profit growth at China's state firms quickened in the first four months of 2014, official data showed on Friday, offering some encouraging signs as the world's second-largest economy loses growth momentum.

  • HANOI/ TAIPEI, May 16- Dexter Hsu spent Tuesday night barricaded inside his workers' dormitory in Vietnam's Binh Duong province. Tales like Hsu's risk undermining foreign investment in Vietnam, the lynchpin of its economy.

  • LONDON, May 16- Global shares fell for a third day on Friday, on course for their longest losing streak in over a month, and yields on lower-rated euro zone bonds rose as a gloomier economic picture in Europe led investors to shed riskier positions.